Over recent weeks there has been a notable pick-up in volatility for a number of major Currencies, including reversals for the US Dollar & Euro following their prolonged advance & decline. The question is, has corrective weakness for the US Dollar & corrective strength for the Euro yet run its course, or will there will further retraces of the previous multi-month US Dollar advance & Euro fall? And what now for the multi-month outlook?
Each week I assess…Continue
Added by Steve Jarvis on March 25, 2015 at 1:02pm — No Comments
This pattern is complete
First, wait for the point D
I not use targets for close my position, just for calculation purposes, and this one is the point B from the structure. The second trade at 78.6%.…Continue
Added by Octavio Dolores on March 20, 2015 at 4:28pm — No Comments
Added by Andrius on February 23, 2015 at 10:36am — No Comments
Added by Andrius on February 20, 2015 at 6:33am — No Comments
USDCAD underwent a multi-year decline from the early 2002 till late 2007 before bottoming out at .9061. Recovery from there reached 1.3063 in March 2009 before submitting into a further weakness.Continue
Added by Miroslava Micunkova on February 9, 2015 at 10:30am — No Comments
I just want to share a simple trade under a harmonic criteria. The first step is find a Pattern (Harmonic). This one is call: Shark.Continue
A break of 1.3580 may setup a test of the 1.3500 level.
Closing above the 1.3695-1.3705 level may setup a test of…Continue
Added by Futuristic on July 4, 2014 at 4:06pm — No Comments
Societé Generale - "Core FX views:
1) Buy ‘cheaper’ EM and high-beta currencies. ZAR and TRY stand out, perhaps INR too on valuations. See our EM colleagues’ thoughts for more details.
2) Wait to sell overvalued G10 currencies. That really means waiting to sell AUD, NZD and CAD at better levels. I'd better warn that AUD/USD above 0.95 might be irresistible however!
3) EUR/USD and even more so GBP/USD can still squeeze higher.
4) USD/JPY is in a range, and if it breaks, it…
Added by Francesc Riverola on May 9, 2014 at 8:40am — No Comments
Trade (thematic trades): long EUR/CHF, and USD/CHF
• We remain CHF bears despite its recent resilience.
• The reasons for CHF strength most often discussed by market participants fall into three groups:
• Persistent current account surpluses leading to appreciation pressure on the CHF.
• Expectations for a softening in the CHF floor, driven by a better economic outlook.
Added by ZeusFXTrader on December 15, 2013 at 10:14pm — No Comments
Although the sequence of 2 down weeks ended last week, it is the weakness of the rally that is assessed as more important. Profit taking demand over the 1st two days of last week took EURGBP to the top of the weekly Ichimoku Cloud, back inside the daily Cloud and above the key 13 day m.a.
But this proved temporary with selling renewed in the last 3 days and only minor net gains posted by the close. This price action leaves sentiment mildly negative and we're looking for a…Continue
Added by Alan Collins on November 18, 2013 at 7:09am — No Comments
3 weeks of fluctuating price action in EURGBP were followed by a rejection of initial lows and strong buying in the last 5 days. The resulting gains, using a Marabuzo line from January as a platform, created a Bullish Outside Week.
This positive pattern often signals a change in market sentiment and with the daily Keltner channel trending positively now and the 13 day mvg avg exceeded for the first time in a month, we look for demand to continue.
.8532 and towards .8591 are valid…
Added by Alan Collins on October 7, 2013 at 6:32am — No Comments
The market failed to extend Tuesday’s rejection of 20-month lows. Instead selling pressure was renewed but although a 3rd negative performance from the last 4 days resulted, net losses were modest and the week’s lows went untested. This means signals are not strong going into today but with the Keltner channel trending bearishly, limited rallies and renewed selling in Asia the focus remains on the downside with a move through .8993 confirming a exposing .8972 then towards the 2012…Continue
Added by Alan Collins on October 3, 2013 at 6:40am — No Comments
Although net downside yesterday was not extensive, the move to new 7 month lows was enough to signal an end to 4 days of trendless trading. USDCHF continues to hug the Keltner channel base with rallies capped well below the 13 day m.a and so although oversold extremes are a concern we're looking to downside levels .9079, .9042 or even .9022 - the latter in the coming days.…Continue
Wednesday’s rejection of 8 month lows extended yesterday. The strongest performance of this month resulted with a rally that took the cross marginally through the key 13 day moving average that has capped prices throughout September. Despite overbought extremes, intraday signals are also supportive and so we look for this demand to extend.
.8454/65 is the immediate target area. .8481 behind that.…Continue
Added by Alan Collins on September 20, 2013 at 6:30am — No Comments
The past few weeks trading has been a mixed bag, haven't managed to have anything stick so currently in no positions and playing the waiting game hoping for setups to fall in to my trading zones. Persistence is key for me right now. Stick to the strategy and setups will come.
If you would like more specifics about my strategy, click here to see my…Continue
In a previous live trading video, I received some feedback about why I put the buy and sell trading boxes where I did. To explain, I thought it a good idea to create an video on it to show the logic. It’s all to do with a combination of price action and fractals. Understanding the concepts of these are important to any trader, so if you are weak in this area take a look at this video where I…Continue
Added by Rob Helean on July 30, 2013 at 2:18pm — No Comments
Just to mix things up a bit, I decided to record and walk through my analysis and trade planning today. While the principles are fairly standard, I like to work on high levels of efficiency with my trading as you will see with my approach. In 10 minutes, it's basically done.
If you would like to keep receiving such videos, please let me know. I will follow-up with this video to show you the outcome.
I recently received a mail requesting I explain the improvements I made with my trading in the past 12 months. If you didn’t see it, I recently created a video to launch the NGFX Blog and stated in the video that I had learnt more in the past 12 months trading than I had in the past 5 years.
So what did I learn you might be thinking? Basically I approached trading from a completely…Continue
If you have struggles with trade management, take a look at this video where I cover off some high level ideas that you should consider and then provide a brief overview of how I currently manage trades.
I cover three things that are important, firstly the type of trade you are taking (e.g. scalp, spot, swing), whether you like to take profit proactively, or trail your stop, and how your personal emotions impact your trading.
If you can work and settle on these, you should go a…Continue